...- Rhode Island Student Loan Authority's issuance is an ABS securitization backed by a pool of refinance and in-school fixed rate student loans originated under Rhode Island Student Loan Authority's student loan programs. - We assigned our ratings to the 2022 senior series and senior series 2022-1 bonds. - The ratings reflect our view of the transaction's credit support and legal structure, among other factors. NEW YORK (S&P Global Ratings) May 27, 2022--S&P Global Ratings today assigned its ratings to Rhode Island Student Loan Authority's 2022 senior series A (TE) and senior series 2022-1 (TX) education loan revenue bonds (see list). The bond issuance is an ABS securitization backed by a pool of refinance and in-school fixed rate student loans, originated under Rhode Island Student Loan Authority's student loan programs. The ratings reflect our view of: - The approximately 12.1%-12.4% credit support available based on '##' stressed break-even cash flow scenarios, which provides coverage...
